27.01.2020 Monday, 8:36 am 

What has happened on Friday? Nifty index as expected and written started the day on a flat to positive bias and traded near our key resistance levels i.e. 12195, made a high 12195 thereafter, the weakness dragged down till our support zone i.e 12160-12130, made a low 12149.65. Further, the sharp recovery took the Index till our resistance level i.e 12275, made a day high 12272.15 and closed the day at 12248.25 with positive bias.

What will happen today? Nifty Index may open on a negative note with a gap down by tracking the global market to test 12190-12150 levels if, sustain below 12150 then, it may re-test 12130-12090-12045-11995 levels. On the othher hand, the immediate resistance seen at 12245-12275 levels if, trade and sustain above 12275 then, it may test 12295-12330-12390 levels. 

Special Mention: Nifty Index if, closes below 12150 levels for three consecutive trading sessions then, it may test 12045-11930 levels very soon. Further, any up move possible only when crosses and sustain above 12300 then, it may test 12430-12500 levels

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